Tuesday, September 22, 2015

Interesting

8 comments:

I finished reading your housing crash book 2 weeks ago (while recovering from an elective surgery). The scene in the trailer of the guy looking at rows of empty house struck me as similar to your book cover of you watching at the acres of empty housing development.

This is where you and I part ways...yeah, sleazy banking was to blame...but so were the legions of stupid people rolling the dice and betting everything they had in a market they weren't smart enough to play in. The housing implosion was a done deal back in the late 70's when Jimmeh Carduh racialized bank lending practices and building 'habitats for humanity' ... habitats, BTW, that later collapsed on their occupants as well.

People blame the bankers for this crap...when they should be blaming the gov't that forced them and encouraged them to make those loans.